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KRT

KRT - Karat Packaging Inc. Stock Price, Fair Value and News

28.25USD+0.14 (+0.50%)Market Closed

Market Summary

KRT
USD28.25+0.14
Market Closed
0.50%

KRT Stock Price

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KRT RSI Chart

KRT Valuation

Market Cap

564.2M

Price/Earnings (Trailing)

17.28

Price/Sales (Trailing)

1.39

EV/EBITDA

9.7

Price/Free Cashflow

11.16

KRT Price/Sales (Trailing)

KRT Profitability

EBT Margin

10.60%

Return on Equity

20.07%

Return on Assets

11.81%

Free Cashflow Yield

8.96%

KRT Fundamentals

KRT Revenue

Revenue (TTM)

405.7M

Rev. Growth (Yr)

3.15%

Rev. Growth (Qtr)

-9.42%

KRT Earnings

Earnings (TTM)

32.6M

Earnings Growth (Yr)

7.05%

Earnings Growth (Qtr)

-58.96%

Breaking Down KRT Revenue

Last 7 days

10.5%

Last 30 days

1.3%

Last 90 days

18.4%

Trailing 12 Months

77.4%

How does KRT drawdown profile look like?

KRT Financial Health

Current Ratio

3.49

Debt/Equity

0

Debt/Cashflow

243.74

KRT Investor Care

Dividend Yield

3.72%

Dividend/Share (TTM)

1.05

Shares Dilution (1Y)

0.28%

Diluted EPS (TTM)

1.63

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023413.3M407.2M402.7M405.7M
2022394.0M414.3M421.6M423.0M
2021307.1M316.9M343.3M364.2M
2020000295.5M

Tracking the Latest Insider Buys and Sells of Karat Packaging Inc.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 08, 2024
guo jian
sold (taxes)
-27,160
26.0911
-1,041
chief financial officer
Feb 01, 2024
guo jian
acquired
-
-
3,750
chief financial officer
Nov 28, 2023
wang joanne tzu jung
sold
-247,821
21.4045
-11,578
-
Nov 21, 2023
wang joanne tzu jung
sold
-165,757
21.3577
-7,761
-
Nov 20, 2023
wang joanne tzu jung
sold
-90,881
21.4394
-4,239
-
Oct 17, 2023
quire daniel
sold
-10,823
22.0877
-490
chief revenue officer
Oct 17, 2023
wang joanne tzu jung
sold
-190,948
22.0877
-8,645
chief operating officer
Oct 15, 2023
quire daniel
acquired
-
-
1,666
chief revenue officer
Oct 15, 2023
wang joanne tzu jung
acquired
-
-
25,000
chief operating officer
Sep 19, 2023
cheng marvin
sold
-3,150,000
21.00
-150,000
vp-manufacturing, secy

1–10 of 50

Which funds bought or sold KRT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 11, 2024
VANGUARD GROUP INC
added
3.82
912,507
8,594,970
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
sold off
-100
-229,908
-
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
added
18.42
18,148
83,869
-%
Feb 21, 2024
Raleigh Capital Management Inc.
added
5.63
1,112
9,298
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
new
-
301,000
301,000
0.03%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
new
-
782,000
782,000
-%
Feb 15, 2024
Legal & General Group Plc
added
13.96
3,443
18,662
-%
Feb 15, 2024
BARCLAYS PLC
added
24.83
242,000
941,000
-%
Feb 15, 2024
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
unchanged
-
99,166
1,376,690
0.08%
Feb 14, 2024
STATE STREET CORP
added
35.25
906,540
2,888,320
-%

1–10 of 50

Are Funds Buying or Selling KRT?

Are funds buying KRT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own KRT
No. of Funds

Unveiling Karat Packaging Inc.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Sep 25, 2023
cheng marvin
30.66%
6,099,727
SC 13D/A
Sep 25, 2023
yu alan
34.82%
6,926,698
SC 13D/A
Sep 22, 2022
cheng marvin
34.03%
6,748,727
SC 13D/A

Recent SEC filings of Karat Packaging Inc.

View All Filings
Date Filed Form Type Document
Mar 15, 2024
10-K
Annual Report
Mar 14, 2024
8-K
Current Report
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Feb 15, 2024
8-K
Current Report
Feb 14, 2024
5
Insider Trading
Feb 08, 2024
8-K
Current Report
Feb 08, 2024
4
Insider Trading
Feb 02, 2024
4
Insider Trading

Peers (Alternatives to Karat Packaging Inc.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
18.1B
8.4B
3.23% 29.50%
35.89
2.16
-7.47% -33.56%
16.9B
7.8B
9.97% 39.46%
22.13
2.17
-7.97% -25.69%
13.7B
14.0B
2.10% -13.74%
21.31
0.98
-6.26% -39.85%
13.6B
18.9B
10.42% 2.34%
47.37
0.72
-10.61% -80.85%
MID-CAP
9.5B
12.0B
7.32% -4.98%
19.95
0.79
-7.21% -37.42%
8.9B
9.4B
14.39% 16.83%
12.31
0.94
-0.13% 38.51%
6.0B
3.8B
-1.64% 8.79%
20.28
1.61
-1.61% 15.50%
5.3B
5.5B
-1.77% -20.21%
15.61
0.97
-2.71% -30.51%
5.0B
6.0B
2.82% -13.62%
15.41
0.84
-6.60% -4.37%
2.5B
7.1B
-4.72% -26.50%
-24.15
0.35
3.63% -117.64%
SMALL-CAP
1.1B
893.5M
2.02% -14.13%
26.92
1.22
1.10% -39.01%
856.1M
813.1M
20.86% 1.56%
17.52
1.05
-9.61% -18.92%
638.8M
336.3M
62.10% 50.20%
-23.57
1.9
3.00% 34.54%
64.3M
1.3B
1.40% -48.81%
-0.28
0.05
-18.53% -1590.38%
13.1M
16.0K
-2.05% -46.94%
-0.16
821.51
33.50% -34.70%

Karat Packaging Inc. News

Latest updates
MarketBeat • 26 Mar 2024 • 08:22 am
Defense World • 19 Mar 2024 • 09:10 am
Zacks Investment Research • 15 Mar 2024 • 03:42 pm
InvestorsObserver • 15 Mar 2024 • 01:51 pm
InvestorPlace • 15 Mar 2024 • 05:02 am

Karat Packaging Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q1
Revenue-9.4%96.0010610996.0093.0011011510591.0010395.0076.0070.0076.0085.0064.00
Gross Profit-12.5%34.0039.0042.0038.0030.0034.0034.0034.0028.0030.0028.0022.0019.0023.0029.0018.00
Operating Expenses6.9%29.0028.0029.0025.0025.0026.0026.0025.0021.0024.0021.0018.0017.0016.0014.0014.00
  S&GA Expenses99.3%16.008.009.009.008.009.009.009.008.0010.008.006.006.006.005.005.00
EBITDA Margin-0.4%0.14*0.14*0.13*0.11*0.11*0.11*0.11*0.12*0.11*0.10*0.11*0.13*0.12*---
Interest Expenses-1.7%1.001.001.000.000.000.001.000.000.000.001.001.001.001.001.001.00
Income Taxes-73.9%1.003.003.003.000.002.002.003.001.001.002.001.00-0.252.004.000.00
Earnings Before Taxes-59.0%5.0012.0014.0012.005.008.009.0011.007.005.0011.004.001.006.0014.001.00
EBT Margin-0.6%0.11*0.11*0.10*0.08*0.08*0.08*0.08*0.09*0.08*0.06*0.07*0.08*0.07*---
Net Income-59.0%4.009.0011.009.003.006.007.008.005.004.009.003.002.004.0010.001.00
Net Income Margin0.0%0.08*0.08*0.07*0.06*0.06*0.06*0.06*0.07*0.06*0.05*0.06*0.06*0.06*---
Free Cashflow-6.0%10.0011.0016.0013.0016.0020.003.00-12.2510.00-1.55-7.874.000.00---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q4
Assets-1.3%276280287273252239247240208203207177181
  Current Assets-2.4%15515916114212412513413410310110676.0080.00
    Cash Equivalents-18.1%23.0028.0018.0023.0016.008.004.007.006.002.008.001.000.00
  Inventory-0.2%72.0072.0076.0071.0071.0073.0085.0077.0058.0060.0062.0046.0049.00
  Net PPE-1.5%95.0097.0096.0099.0096.0094.0095.0092.0093.0094.0093.0094.0096.00
  Goodwill0%4.004.004.004.004.004.004.004.004.004.004.004.003.00
Liabilities-1.3%11411512211210085.0010010076.0078.0087.00134141
  Current Liabilities-2.8%44.0046.0051.0044.0039.0035.0037.0040.0031.0033.0040.0040.0043.00
  Long Term Debt-100.0%-0.000.000.000.000.000.000.000.000.0036.0037.000.00
    LT Debt, Current1.0%1.001.001.001.001.001.001.001.001.001.001.0012.0011.00
    LT Debt, Non Current-7.3%0.000.000.000.000.000.000.000.000.000.0036.0037.000.00
Shareholder's Equity5.5%16315416516114215414814013212512043.0040.00
  Retained Earnings-0.1%68.0068.0069.0065.0056.0059.0052.0046.0039.0034.0030.0020.0019.00
  Additional Paid-In Capital0.1%87.0087.0086.0086.0086.0086.0085.0084.0084.0083.0082.0014.0014.00
Shares Outstanding0.4%20.0020.0020.0020.0020.0020.0020.0020.0020.0020.0017.0015.0015.00
Minority Interest-19.0%9.0011.0011.0010.0010.0010.0010.0010.009.009.008.009.007.00
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q1
Cashflow From Operations-14.5%10,29112,03516,86814,18516,97520,2453,681-11,4279,9251,441-7,1914,5042,2473,5577,2421,501
  Share Based Compensation-89.2%27.00250216277273598565611938848240-----
Cashflow From Investing-210.7%-8,8337,976-14,632-14,685-1,268-4,226-7,556-4,795-4,642-3,800-2,745-2,094-3,221-3,160-27,959-3,011
Cashflow From Financing35.2%-6,544-10,106-7,2047,684-7,197-11,98955616,559-479-3,64416,657-1,897-645-89821,0192,974
  Dividend Payments-100.0%-9,952--6,964-----------
  Buy Backs-----------------

KRT Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]  
Net sales$ 405,651$ 422,957
Cost of goods sold252,608290,871
Gross profit153,043132,086
Operating expenses:  
Selling expenses41,49035,844
General and administrative expenses (including $2,749 and $2,775 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively)66,95266,259
Impairment expense and loss (gain), net, on disposal of machinery2,525(32)
Total operating expenses110,967102,071
Operating income42,07630,015
Other income (expenses)  
Rental income (including $981 and $949 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively)1,090949
Other expense, net(45)(228)
Gain on foreign currency transactions1031,568
Interest income (including $606 and $2,171 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively)1,8032,226
Interest expense (including $2,019 and $1,821 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively)(2,043)(2,017)
Total other income, net9082,498
Income before provision for income taxes42,98432,513
Provision for income taxes9,8046,676
Net income33,18025,837
Net income attributable to noncontrolling interest7102,189
Net income attributable to Karat Packaging Inc.$ 32,470$ 23,648
Basic and diluted earnings per share:  
Basic (in dollars per share)$ 1.63$ 1.19
Diluted (in dollars per share)$ 1.63$ 1.19
Weighted average common shares outstanding, basic (in shares)19,904,69819,824,911
Weighted average common shares outstanding, diluted (in shares)19,977,71219,925,905

KRT Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents (including $13,566 and $2,022 associated with variable interest entity at December 31, 2023 and 2022, respectively)$ 23,076$ 16,041
Short-term investments26,3430
Accounts receivable, net of allowance for bad debt of $392 and $1,260 at December 31, 2023 and 2022, respectively (including $0 and $6 associated with variable interest entity at December 31, 2023 and 2022, respectively)27,76329,912
Inventories71,52871,206
Prepaid expenses and other current assets (including $82 and $191 associated with variable interest entity at December 31, 2023 and 2022, respectively)6,2196,641
Total current assets154,929123,800
Property and equipment, net (including $44,185 and $45,399 associated with variable interest entity at December 31, 2023 and 2022, respectively)95,22695,568
Deposits1,04712,413
Goodwill3,5103,510
Intangible assets, net327353
Operating right-of-use assets20,73915,713
Other assets (including $53 and $38 associated with variable interest entity at December 31, 2023 and 2022, respectively)619818
Total assets276,397252,175
Current liabilities  
Accrued expenses (including $591 and $625 associated with variable interest entity at December 31, 2023 and 2022, respectively)10,5769,005
Customer deposits (including $116 and $165 associated with variable interest entity at December 31, 2023 and 2022, respectively)9511,281
Long-term debt, current portion (including $1,122 and $957 associated with variable interest entity at December 31, 2023 and 2022, respectively)1,122957
Operating lease liabilities, current portion4,8004,511
Other payables (including $1,302 and $0 associated with variable interest entity at December 31, 2023 and 2022, respectively)3,2000
Total current liabilities44,40139,253
Deferred tax liability4,1975,156
Long-term debt, net of current portion and debt discount of $203 and $216 at December 31, 2023 and December 31, 2022, respectively (including $48,396 and $41,558 associated with variable interest entity at December 31, 2023 and 2022, respectively, and debt discount of $203 and $216 associated with variable interest entity at December 31, 2023 and 2022, respectively)48,39641,558
Operating lease liabilities, net of current portion16,68711,623
Other liabilities (including $0 and $1,302 associated with variable interest entity at December 31, 2023 and 2022, respectively)262,652
Total liabilities113,707100,242
Commitments and Contingencies (Note 20)
Karat Packaging Inc. stockholders’ equity  
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of December 31, 2023 and 202200
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,988,482 and 19,965,482 shares issued and outstanding, respectively, as of December 31, 2023 and 19,908,005 and 19,885,005 shares issued and outstanding, respectively, as of December 31, 20222020
Additional paid in capital86,66785,792
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2023 and 2022(248)(248)
Retained earnings67,67956,118
Total Karat Packaging Inc. stockholders’ equity154,118141,682
Noncontrolling interest8,57210,251
Total stockholders’ equity162,690151,933
Total liabilities and stockholders’ equity276,397252,175
Nonrelated Party  
Current liabilities  
Accounts payable (including $63 and $2 associated with variable interest entity at December 31, 2023 and 2022, respectively)18,44618,559
Related Party  
Current liabilities  
Accounts payable (including $63 and $2 associated with variable interest entity at December 31, 2023 and 2022, respectively)$ 5,306$ 4,940
KRT
Karat Packaging Inc., together with its subsidiaries, manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was incorporated in 2108 and is based in Chino, California.
 CEO
 WEBSITEwww.karatpackaging.com
 EMPLOYEES781

Karat Packaging Inc. Frequently Asked Questions


What is the ticker symbol for Karat Packaging Inc.? What does KRT stand for in stocks?

KRT is the stock ticker symbol of Karat Packaging Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Karat Packaging Inc. (KRT)?

As of Wed Mar 27 2024, market cap of Karat Packaging Inc. is 564.21 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KRT stock?

You can check KRT's fair value in chart for subscribers.

What is the fair value of KRT stock?

You can check KRT's fair value in chart for subscribers. The fair value of Karat Packaging Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Karat Packaging Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Karat Packaging Inc. a good stock to buy?

The fair value guage provides a quick view whether KRT is over valued or under valued. Whether Karat Packaging Inc. is cheap or expensive depends on the assumptions which impact Karat Packaging Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KRT.

What is Karat Packaging Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, KRT's PE ratio (Price to Earnings) is 17.28 and Price to Sales (PS) ratio is 1.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KRT PE ratio will change depending on the future growth rate expectations of investors.